Transforming a practice to provide value-based care for patients who have been getting no more than the service they pay for creates a few changes. Healthcare providers have to embrace new reimbursement methods, patient care strategies as well as documentation and coordination of care.
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The staggering impact of diabetes on our healthcare system cannot be understated. The most recent research from the American Diabetes Association estimates that the total cost of diagnosed diabetes has risen to $245 billion in 2012 from $174 billion in 2007 -- a 41 percent increase in diabetes spend over a five year period.
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Last week, the Center for Medicare and Medicaid Services (CMS) proposed a series of changes to the Medicare Physician Fee Schedule in 2018. The proposal includes a plan to slash Medicare payments by half for services provided by provider-owned, off-campus hospital departments.
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